Bitcoin, the magical internet money, is soaring high like a witch on a broomstick, all thanks to the anticipation of President Trump’s grand tariff announcement this Wednesday afternoon.
BTC Jumps Up and Down Like a Frog on a Pogo Stick as Markets Await Trump’s Tariff Tale
As the sun sets on the horizon, President Trump is set to unveil his latest economic spell on the country’s trading partners. And lo and behold, bitcoin, the golden ticket of the digital world, dances upwards with glee.
This wizardly currency has seen a tiny1.93% bump over the last day, magically hitting $86,478.86, according to the sorcerers at Coinmarketcap. Yet, even with this enchanting rise, BTC has been lazily lounging, down0.31% over the past week.
Bitcoin’s Whimsical Market Waltz
Bitcoin’s price, as fickle as a cat in a room full of rocking chairs, has been twirling between $83,939.88 and $86,521.54. Trading volume, like a genie from a bottle, has popped up by8.53% to $28.77 billion, hinting at a bustling market before Trump’s big reveal. Meanwhile, BTC’s market cap, as grand as a giant’s wallet, has swelled by1.98% to a staggering $1.71 trillion.
Despite the market’s mood swings, BTC dominance marches on, up by0.64% to62.92%, showcasing its heavyweight title against the underdog altcoins. Furthermore, BTC futures open interest has leaped like a kangaroo, up4.31% to $56.53 billion, signaling a bullish investor stampede.
Short sellers, oh, those poor souls, have been caught with their pants down once more, facing a whopping $12.93 million in liquidations, with $12.91 million coming from their gloomy bets. They bet against the bitcoin beast, and alas, they were chewed up and spat out! 🤦♂️💸
Trump’s Tariff Tango Set for Wednesday Afternoon
Trump, in his infinite wisdom, has declared April2nd “Liberation Day,” ready to ignite a trade war with the world. At4 p.m. eastern standard time, he’ll wave his wand and announce tariffs that could shake the global economy.
This bold move might just sprinkle more magic dust on bitcoin’s price, as tariffs threaten to weaken the mighty dollar, nudging investors towards havens like gold and BTC.
Bitcoin’s Future: A Tariff-Driven Rollercoaster Ride
As bitcoin continues its volatile dance, today’s tariff extravaganza could be the spark it needs. If Trump’s trade policies spook the markets, bitcoin might just moonwalk past $90,000. But if the world shrugs off the announcement, BTC might just keep dancing in place, waiting for its next big break. 🌕📈
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2025-04-02 19:29